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Apr 23, 2013
04/13
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. >> i've got the apple numbers. >> what are the apple numbers, jon? >> the revenue for this quarter is actually coming in above expectations at $43.6 billion, eps, $10.09. guidance, though, disappointing, as gene indicated. he was expecting at the midpoint they were guying to is $34.5 billion and the gross margin, 36 to 37%, which is a little bit below where wall street was looking, from what i have seen, maria. i'll go back through and take a look at the units as well. looks like iphones did 37.4 million units, ipads did 19.5 million units. both of those, pretty strong based on the range where we were looking, as far as what wall street was expecting. i'll have mac units and those things in just a moment. >> jon, you keep looking through those numbers. thank you for that quick flash on apple for us. so, we've got the numbers. the actual earnings and revenues, above expectations, but the guidance, as you indicated, gene, right on the money, it is disappointing. you were in the middle of a thought there, james. please continue your thought and any chan
. >> i've got the apple numbers. >> what are the apple numbers, jon? >> the revenue for this quarter is actually coming in above expectations at $43.6 billion, eps, $10.09. guidance, though, disappointing, as gene indicated. he was expecting at the midpoint they were guying to is $34.5 billion and the gross margin, 36 to 37%, which is a little bit below where wall street was looking, from what i have seen, maria. i'll go back through and take a look at the units as well. looks...
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Apr 24, 2013
04/13
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apple will need to innovate. we're in that you got to believe me phase and now we're talking about a time line of the fall. we got support on the dividend and buyback but gross margins and innovation will be key. >> you thought that you would hear about new products even sooner than the fall? >> it was possible that you might hear particularly about a low cost to approach the emerging markets and to offer something for the smartphone user who is more price sensitive. >> hold on a second. if you think of low cost phones, they talked about strength in china. you can't have strength with low cost phones or strengths in emerging markets and not have it impact gross margins. what's more important to you? >> a low cost phone that maintains a margin. they'll need to move some of the product mix out, innovate and i think tvs. i think i radio. something along the lines of i payments. that's what will move the sentiment and move the needle financially. >> i kind of feel this company's pain. after watching the stock be down
apple will need to innovate. we're in that you got to believe me phase and now we're talking about a time line of the fall. we got support on the dividend and buyback but gross margins and innovation will be key. >> you thought that you would hear about new products even sooner than the fall? >> it was possible that you might hear particularly about a low cost to approach the emerging markets and to offer something for the smartphone user who is more price sensitive. >> hold...
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Apr 18, 2013
04/13
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gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think there's an opportunity here. the street numbers still need to get reset. we're 10% below the street for the june quarter. i think once these estimates get reset, that's the point where investors are going to start to get interesting. the southside still hasn't taken those nebs down. that's the real challenge here. >> you thought 450 was the bottom at 455 or at -- when did you make that prediction sflp. >> yeah. it was about three weeks ago. we basically took our numbers down. >> so when it was at 750, you thought the bottom was 700. when it was 7 hup, y
gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think...
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Apr 23, 2013
04/13
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it's just -- people love their apple, they hate their apple and they have feelings about apple. >> i love that light saber sound effect. let's get to the economics calendar, thank you very much. here is today's calendar. and it is very housing focused. at 9:00 eastern, you get the fhfa house price index. an hour later, march new home sales. they're expected to rise by 0.7%. we'll watch the home builders like lenar, etcetera, on those. also at 10:00 eastern, is the richmond fed survey. becky talked about some stocks. we're hitting on dupont. let's check on the broader markets. oil down about 0.9%. 88.39. brent crude down a little more, down 1%. rbob gasoline, because, really, you don't care about gasolioil. you care about gasoline, right? >> it's come down significantly. >> yeah, it has, which is good because that may counteract the effects of the payroll tax high. what about gold? let's check the commodities like gold, the ten-year. down about 7%. 7 bucks to $1414. there's been a bit of a move in sort of the euro. we want to keep an eye on that. there's your currency chart here in th
it's just -- people love their apple, they hate their apple and they have feelings about apple. >> i love that light saber sound effect. let's get to the economics calendar, thank you very much. here is today's calendar. and it is very housing focused. at 9:00 eastern, you get the fhfa house price index. an hour later, march new home sales. they're expected to rise by 0.7%. we'll watch the home builders like lenar, etcetera, on those. also at 10:00 eastern, is the richmond fed survey....
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Apr 18, 2013
04/13
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now apple tv? i think they will come out with a tv product because that is something that tim cook said. they've got an intense interest in that area. but i think that's probably coming in the summer period at some point. i think we're going to have to wait a while for a low-end phone. so i look at all of that and in the near term, the biggest excitement quite honestly is hopefully they move the dividend up when they report the quarter. better cash return. but that's kind of what i'm looking for. if they don't do that, the stock could go quite a bit lower and there is some talk that maybe they don't do the dividend when they report the quarter. >> we'll see. or repurchase. when you say "quite a bit lower," dan, what's low enough? here you compare it to rimm and nokia is a little shocking. but ere's low enough given the prospects you're outlining? >> well, but here's the thing. right? why are you guessing as to what's low enough? until the fundamentals stop getting worse -- don't forget, this compan
now apple tv? i think they will come out with a tv product because that is something that tim cook said. they've got an intense interest in that area. but i think that's probably coming in the summer period at some point. i think we're going to have to wait a while for a low-end phone. so i look at all of that and in the near term, the biggest excitement quite honestly is hopefully they move the dividend up when they report the quarter. better cash return. but that's kind of what i'm looking...
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Apr 24, 2013
04/13
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i think apple -- i have apple products. i love them. i think apple is doing a great job, but at the same time in this, this is a stock market and this is a sheer, difficult, harsh, judging machine that is the stock market, and i think tim cook is making a great product. apple's making a great product, but we already have one and we already have a lot of the stock and we don't want as much. am i being harsh? i'm saying the analyst community is harsh. now, procter & gamble, i know it's not what everybody wanted today, but do you remember the open rebellion of procter & gamble at 63 and mcdonald's said you know what? let's blow the darn thing up and give what the analysts want and the stock goes from 63 to 80 and now it will pull back a little today and it's had a remarkable run and that was a guy saying i have to blow it up. as strange as it is. procter is a great company and apple say great company. you have to blow it up and take a new direction. >> we'll talk more about procter and some of the problems in beauty and their guidance this
i think apple -- i have apple products. i love them. i think apple is doing a great job, but at the same time in this, this is a stock market and this is a sheer, difficult, harsh, judging machine that is the stock market, and i think tim cook is making a great product. apple's making a great product, but we already have one and we already have a lot of the stock and we don't want as much. am i being harsh? i'm saying the analyst community is harsh. now, procter & gamble, i know it's not...
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Apr 17, 2013
04/13
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the apple guy in front is telling me these apples are fresher than the apple quarter. >> the consensus numbers need to come down. i once joked that the new products out of apple are terrible and @jimcramer. people think i'm serious. i think apple is a good company, it's just not going to have a good quarter. okay? okay? shoot me! my fault! >> how about barclays about lulu. >> here's what i'm hearing about lulu. i am hearing that the recall actually generated a level of love for lulu, that the customers, instead of avoiding lulu because of the sheer problem no. they're going to lulu and barclays agrees. this stock has been -- look, this is where they recalled the stuff, carl. right here is where the pants didn't work. this is the pants recall! and it turns out they're pantsing the bears. the bears are pantsed. >> that's a good call. fairway hoping investors will go on a shopping spree today. if you don't know this chain, it's a grocery chain going public and largely centered in new york. get ready for day three in what has been a wild week for the markets. the opening bell in just four
the apple guy in front is telling me these apples are fresher than the apple quarter. >> the consensus numbers need to come down. i once joked that the new products out of apple are terrible and @jimcramer. people think i'm serious. i think apple is a good company, it's just not going to have a good quarter. okay? okay? shoot me! my fault! >> how about barclays about lulu. >> here's what i'm hearing about lulu. i am hearing that the recall actually generated a level of love...
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Apr 18, 2013
04/13
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apple did fall below that $400 mark. it did knock down stocks across the globe, particularly in asia. its suppliers and tech stocks generally seen as exposed to the country's weakness after it was warned that revenue for that cup wasn't going to be that strong thanks to its one big customer, i.e., apple. >>> the ftse cnbc global 300 just a little lower on the day. we'll look at european markets for that. we are rebounding a little bit after yesterday's weak session. the xetra dax downing 0.6%. that's about a quarter of the move that we saw yesterday. indeed, eegan jones did come out and downgrade moody's in its annual statement reiterating the outlook for that country. the ftse 100, ftse mib are adding better than 0.8% for italy which is going through the process of selecting its next president. there is hope that at least this will help keep the country on track. moving to the bond's space span was just out with an auction. we saw healthy demand, low themes continue for the economy generally speaking in that it hasn't h
apple did fall below that $400 mark. it did knock down stocks across the globe, particularly in asia. its suppliers and tech stocks generally seen as exposed to the country's weakness after it was warned that revenue for that cup wasn't going to be that strong thanks to its one big customer, i.e., apple. >>> the ftse cnbc global 300 just a little lower on the day. we'll look at european markets for that. we are rebounding a little bit after yesterday's weak session. the xetra dax...
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Apr 22, 2013
04/13
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apple is set to report results tomorrow. profits are forecast to drop 18% as samsung and other rivals take market shares in tablets and smartphones. revenues expected to increase 8%, but that would actually be one of the weakest quarters in years. citigroup analyst gwen young expects apple to report earnings at the low end of guidance, reflecting softer demand for the iphone 5 and the iphone 4 and to guide third quarter below market forecast. citi says any production delays in the upcoming iphone s could -- weakness for the stock. according to research firm burini associates, options on friday suggest it could move 7.5%, and that could take cares as high as $419 and or as low as $360. it's a big one to watch. it's included a lot of funds just because of its size. so a really important one for the market. chances are you are probably impacted. >> courtney, good to see you. i should mentions, too, the number of people who i speak with them informally talk about whether they're playing out apple. lots of people speculating in t
apple is set to report results tomorrow. profits are forecast to drop 18% as samsung and other rivals take market shares in tablets and smartphones. revenues expected to increase 8%, but that would actually be one of the weakest quarters in years. citigroup analyst gwen young expects apple to report earnings at the low end of guidance, reflecting softer demand for the iphone 5 and the iphone 4 and to guide third quarter below market forecast. citi says any production delays in the upcoming...
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Apr 17, 2013
04/13
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>> apple. >> because it's an ipad. >> exactly. ipads there and other companies, google nexus is a big one. samsung has some coming down the line here. we'll diversify away from the ipad but intel is underrepresented there. >> what about these new half tablet, half pc things that are half clam shell but you can pull them apart. does intel have a chance to lead there? >> there are a number of factors. the one you're referring to is a convertible. they are really focused more on ultrabooks and sliders where you can actually slide the top display and flip it over and it turns into a tablet. >> they are expensive and haeav, right? >> some ultrabooks will be priced at 499 this year. that's a new low price point for them. >> the stuff with intel in that their bragging rights have to do with manufacturing process and how well they're doing there. is that a reason to buy the stock? when gross margins go up, i heard that you buy stock when margins are rising and sell it when they're going back down. are either one of those factors enough to offset what's happening in pcs? >> a sticking point wi
>> apple. >> because it's an ipad. >> exactly. ipads there and other companies, google nexus is a big one. samsung has some coming down the line here. we'll diversify away from the ipad but intel is underrepresented there. >> what about these new half tablet, half pc things that are half clam shell but you can pull them apart. does intel have a chance to lead there? >> there are a number of factors. the one you're referring to is a convertible. they are really...